Dolma Impact Fund I was the first international private equity fund focussed on Nepal, achieving its first close in 2014, and its final close at USD 36.6 million. The fund is no longer open to new investments having backed eight companies in the technology, healthcare and renewable energy sectors. Dolma I has achieved its first exit ahead of schedule, at almost 3x the target return of the fund.

Dolma Impact Fund I's investors include the following.



Portfolio Companies     

CloudFactory Group

Human-based Data Processing for AI & Automation

Fusemachines Inc.

No.1 AI solutions and service provider in Nepal


The largest home grown e-commerce platform in Nepal

Swet Ganga Hydropower

28.1 MW of run-of-river hydropower in Nepal

Suri Hydropower

13.4 MW of run-of-river hydropower in Nepal

Solar Farm

The first on-grid solar project to sign a PPA in Nepal

Rhododendron Biotech

First and leading manufacturer of hemodialysis fluid in Nepal

Nidan Hospital Ltd

Leading private sector healthcare service provider.